How much is a 2020 Honda Insight?
The 2020 Honda Insight is a popular choice among hybrid vehicles, known for its fuel efficiency, comfortable ride, and advanced technology features. If you're considering purchasing this model, understanding its price range is essential. In this article, we will explore the factors that influence the cost of a 2020 Honda Insight and provide an overview of what you can expect to pay.
Price Range of the 2020 Honda Insight
The price of a 2020 Honda Insight can vary significantly based on several factors, including the trim level, condition (new or used), mileage, and location. Generally, the starting price for a new 2020 Honda Insight is around $22,000, while higher trims can reach up to $29,000 or more.
Factors Influencing the Price
When determining the price of a 2020 Honda Insight, consider the following factors:
- Trim Level: The Insight comes in several trims, including the LX, EX, and Touring. Each trim offers different features and amenities, which can affect the overall price.
- Condition: New vehicles typically cost more than used ones. A used 2020 Honda Insight may range from $18,000 to $25,000, depending on its condition and mileage.
- Mileage: Lower mileage vehicles tend to be priced higher due to their perceived value and remaining lifespan.
- Location: Prices can vary by region due to demand, dealership pricing strategies, and local market conditions.
Conclusion
In summary, the 2020 Honda Insight is an excellent investment for those seeking a reliable and efficient hybrid vehicle. With a price range starting from approximately $22,000 for new models and varying for used ones based on condition and mileage, it's essential to shop around and consider your options. Whether you're looking for a new or used vehicle, understanding these factors will help you make an informed decision.
Frequently Asked Questions
Why is Honda Insight being discontinued?
Honda discontinued the Insight primarily due to declining sales and shifting consumer preferences. The Insight, which was Honda's first mass-produced hybrid vehicle, faced stiff competition from other hybrids and electric vehicles, particularly the Toyota Prius.
Is the Honda Insight basically a Civic?
Honda itself seems to want to replace Insight with Civic Hybrid and that is the right move because Insight is basically a more sophisticated Civic; in terms of size and engine, they are the same and most likely Honda does not feel the need to have 2 cars in one line; streamlining it into one line is a better idea.
How much can I sell my Honda Insight?
6Edmunds Appraisal Report
2021 Honda Insight trade-in prices range from $14,759 - $23,257. Get a more accurate value for your car with the Edmunds appraisal tool.
What is Honda replacing the Insight with?
In April 2022, Honda announced that the Insight would be discontinued after the 2022 model year, with production ending in June. It has been replaced by a new Civic Hybrid.
What is the value of a 2020 Honda Insight?
2020 Honda Insight Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| LX Sedan 4D | $23,885 | $17,711 |
| EX Sedan 4D | $25,265 | $16,922 |
| Touring Sedan 4D | $29,295 | $18,690 |
Is Honda Insight a good hybrid?
- Fuel Efficiency: The Insight is a hybrid vehicle, offering excellent fuel economy, often exceeding 50 mpg.
- Reliability: Honda has a strong reputation for reliability and longevity, and the Insight is no exception.
What car is comparable to the Honda Insight?
Toyota Corolla Hybrid
Cars similar to 2022 Honda Insight. The most direct rival to the Honda Insight is probably the Toyota Corolla Hybrid—a sedan with about the same amount of usable space and comparable mpg figures but less impressive interior materials.
Does the Honda Insight really get 55 mpg?
Honda provides two EPA ratings for the Insight: 55 mpg city and 49 highway for the lighter EX trim and 51 city and 45 highway for the Insight Touring, which is better-equipped and comes with larger wheels-and-tires.
Is Honda Insight good for long drives?
Amazingly, this trip of 1,027 miles burned only 23.49 gallons of gas (three fill-ups for the Insight's small tank) and a cost just under $90 (at expensive California prices). This equates to 43 mpg, which confirms that although the Insight is better suited to city sprinting, it's good for the long haul, if you are.
How many miles can a Honda Insight last?
150,000-200,000 miles
According to motorandwheels.com, a typical Honda Insight will last 150,000-200,000 miles before the vehicle starts to fall apart.
